Strengthening trade and promoting cultural ties with the world’s fastest growing economy is the priority of Premier Gladys Berejiklian’s trade mission to India this week. The Premier will travel between Mumbai and New Delhi from April 16 to 19.
The rapid growth of the Indian economy presents scope for NSW to increase trade and investment both to and from India.
Goods trade between NSW and India totalled $3.9 billion in 2016-17, comprising of $1.9 billion in exports and $2 billion in imports. Agricultural exports from NSW grew almost 200 per cent year on year to $759 million during this period.
Speaking to the Indian media in Sydney before her departure to India, Premier Berejiklian had said: “We have many shared values such as family and education.”
Ms Berejiklian said her four-day mission will focus on opening doors for NSW industries and businesses with India and will include high-level meetings with Indian businesses, peak bodies and government officials. The trade mission will specifically focus on opportunities in Information Technology, Infrastructure and Education.
“Over the last five years India has been the fastest growing inbound tourism market for NSW, but we need to work to ensure we continue to attract Indian tourists,” Ms Berejiklian said. “India has enormous projected GDP growth of 7.4 per cent for 2018 and I want the people of NSW to benefit from this significant and sustained progress.
“There are more than 200,000 people of Indian ancestry in NSW. The Indian community is an important part of our multicultural society and I look forward to building on our already strong cultural links.
“I want NSW, Australia to be the first choice for any business in India looking at overseas opportunities. I want any student from India pursuing higher education abroad to consider NSW as their first choice. We welcome Indian students “ said the NSW Premier adding “ we will be making some important and positive announcements” . “ We are creating a new city in Western Sydney and we will be encouraging Indian companies for many opportunities “.
Responding to queries on opportunities to promote Bollywood in NSW and holding film festivals the Premier had said “certainly we will be looking at these opportunities”
Dr. Geoff Lee, Parliamentary Secretary is accompanying NSW Premier’s Trade Delegation to India.